Butwal, Dec. 21: Vice President Nanda Bahadur Pun has said investment friendly environment is needed for industrial development in the country.
Inaugurating the 14th National Industrial Expo-2074 organized in Butwal Thursday, the Vice President said partnership between the government and private sector was needed for protection, promotion and development of business that has is the backbone of country's economy.
He also appealed to the private sector to augment the investment for industrial development, as fully investment friendly environment would be created in the country following the stability and an end to the political transition.
Vice President Pun also praised the role of the private sector for industrial development, national economy and employment generation; and drew the attention of the government to clear the procedural hassles that impend upon the development.
Pun said, "New era has begun in the country and this era is the period of economic prosperity. Our competition now should be for prosperity."
According to him, the large-scale industries, construction of hydropower projects, modern agricultural productions, commercialization of herbs, tourism development and rapid development of infrastructure were the basis for economic prosperity and tools for economic revolution.
"Employment can be generated for millions of youths to reduce poverty and wipe out the compulsion of Nepalis to leave for foreign jobs," the Vice President shared.
During the programme, former finance minister and UML leader Bishnu Prasad Poudel said the country was heading towards political stability by the end of transition along with the constitution's implementation.
The expo was organized to promote the markets of domestic produces and around 600,000 visitors are expected to visit the expo.
Around 500 stalls of IT, restaurants, auto, agriculture, handicrafts, garments, leather goods and many others are kept. RSS
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